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In an official joint statement Ricci said that Theyskens had exited on 10th March. Ricci “wishes to re-orientate its development strategy for the years to come,” and added, “Consequently, Nina Ricci and its artistic director Olivier Theyksens have decided by mutual agreement to cease their collaboration.” Peter Copping, who has been working at Louis Vuitton with Marc Jacobs, is set to take on the role although there are no updates in regards to his position.

Plenty of rumours were circulating throughout Paris Fashion Week as to the future of Theysken's career including working on the revival of Schiaparelli, and a relaunch of his signature label, but nothing is yet confirmed.